Bethany, Shelby County, Illinois Property Taxes
Median Bethany, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bethany, IL home value: $230,062
Median annual Bethany, IL tax bill: $5,407, $3,007 higher than the national median property tax bill of $2,400.
How are property taxes in Shelby calculated?
Property taxes in Bethany, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bethany’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bethany, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bethany, Shelby County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.57%
Estimate Property Tax Bill
$5,913
$5,487
Property Tax Rates Across Bethany, Shelby County, Illinois
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bethany Tax Rate
2.57%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Shelby County Tax Rate
2.20%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bethany, Shelby County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61914 | 1.71% | 2.14% | 2.57% | 2.71% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Bethany, Shelby County, Illinois
When examining property taxes in Bethany, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Shelby County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Shelby County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bethany.
For example, the median home price in Bethany is $230,062, with tax bills ranging significantly across the county. Zip code 61914 has the highest median home price at $230,062.
Property Tax Assessment Values Across Bethany, Shelby County, Illinois
Source: Ownwell

$65,006
$147,534
$230,062
Median Bethany Market Value
$230,062
Median Shelby County Market Value
$99,420
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bethany, Shelby County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61914 | $55,351 | $134,343 | $230,062 | $327,212 | $560,188 |
Source: Ownwell
Property Tax Bills Across Bethany, Shelby County, Illinois
Median Bethany Tax Bill
$5,407
Median Shelby County Tax Bill
$2,114
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Bethany, Shelby County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
61914 | $1,170 | $2,910 | $5,407 | $8,731 | $15,275 |
Source: Ownwell